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Critical Metal Corps Strengthens Management Team With Appointment of Mathias Barfod as President of Greenland Operations
Globenewswire· 2025-08-12 12:30
Core Viewpoint - Critical Metals Corp has appointed Mathias Barfod as President of Greenland Operations to enhance the development of the Tanbreez Project and strengthen community relations in Greenland [1][2][3] Company Overview - Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies [4][6] - The flagship Tanbreez Project is one of the world's largest rare earth deposits located in Southern Greenland, with year-round shipping access via deep water fjords [4][6] Leadership Appointment - Mathias Barfod, with over a decade of experience in the mineral resource sector in Greenland, will report directly to CEO Tony Sage [1][2] - Barfod's previous roles include developing resource estimates and guiding mineral resource companies on community relations and regulatory compliance in Greenland [3] Project Significance - The Tanbreez Project is expected to provide a secure supply of rare earth materials, contributing to the local Greenland economy and job creation [3][4] - The project is positioned to be developed sustainably and is strategically located for mining operations [4] Additional Assets - The Wolfsberg Lithium Project in Austria is the first fully permitted mine in Europe, expected to be a major producer of lithium products for the European market [5] - Critical Metals Corp aims to become a reliable supplier of critical minerals for defense applications and the clean energy transition [6]
Critical Metals Corp. Unveils Exceptional Drilling Results Confirming Extensive Depth Potential at World-Class Tanbreez Rare Earth Project
Globenewswire· 2025-03-17 12:30
Core Insights - Critical Metals Corp has announced significant historical drilling results from the Tanbreez Project, confirming high-grade rare earth elements (REE) and positioning the company as a potential leading supplier in the western world [1][2][24] Group 1: Project Overview - The Tanbreez Project is one of the largest rare earth deposits globally, located in Southern Greenland, with a notable high concentration of heavy rare earth elements (HREEs) [24][25] - The project is characterized by low levels of uranium and thorium, enhancing its environmental and political viability [24] - The Kakortokite deposit is estimated to contain approximately 4.7 billion tonnes of REE-bearing mineralization, with about 27% of total rare earth oxides (TREO) being heavy REE [24] Group 2: Drilling Results - Historical deep diamond drill holes DX-01 and D7-14 have confirmed high-grade mineralization, with average TREO grades of 0.42% and 0.43% respectively, including significant HREE content [4][14] - Drill hole DX-01 reached a depth of 338 meters, while D7-14 was drilled to 243 meters, both intersecting substantial mineralization [3][17] - The average mineralization across the three drill holes (DX-01, D7-14, and A1-24) is consistent at approximately 0.43% TREO [18] Group 3: Strategic Developments - Critical Metals Corp acquired a 42.5% interest in the Tanbreez Project in 2024, with plans to increase this to 92.5% following a $10 million investment [4] - The company is currently re-assaying historical samples to confirm and reconcile assay results, with findings expected to be published soon [21][22] - A Preliminary Economic Assessment (PEA) is underway, expected to be completed in the second quarter of 2025, evaluating the economic potential of the Tanbreez Project [23] Group 4: Future Prospects - The company is positioned to become a reliable supplier of critical minerals essential for defense applications and clean energy transition, leveraging its strategic asset portfolio [27] - The Tanbreez Project is expected to benefit from improved transportation access due to a new international airport opening nearby [24][25]